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think that our customer can adapt to an agreement. >> let's talk about hurricane sandy. you were very, you know, wow, it was tough to talk about hurricane sandy. terrible loss of life. right after this, deutsche bank met with you and said despite sandy, things are pretty good. well look, i think there is the over hang in the environment. sandy was a punch to the stomach. people weren't shopping online because there was no electricity. at the time of the conference call we saw an uptick in the business. we said that the impact of the storm was going to take us to a performance. and i feel optimistic for the length term for our consumers. why is classicclothing not selling well but contemporary. is there any accounting for taste? >> well, look. people love what they love. accessories have been performing very well. people love something that is new. something that is the same that they have in their closet. it is not just about accessories. fashion forward is setting very well. it has to be something that they are perceiving as being new and different. when i look through, i felt that w
that spilled into new york homes and businesses in superstorm sandy, raising health concerns. >> everybody sort of got sick at the same time. all of us sort of attributed it to, well, we're all stressed out. it's very cold. but that said, there is a lot of nasty stuff hanging about. >> ifill: and hari sreenivasan has an update on the dangerous working conditions in bangladesh, where more than 100 workers have died over the past month. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: president obama made another foray outside washington today, trying to build public support for a fiscal cliff agreemen
community. please help the victims of hurricane sandy on the east coast. their need, the winter here is relatively mild compared to what they're experiencing on the east coast. those harsh winters is the reason why i did my four years of college and i came right back to the west coast. [laughter] >> but they, again, reflect a high level of need out there. and i hope everybody who is listening on both the government channel and the wonderful media that we have, the multi-cultural media that we have, please do your best and go to sf gives back.org. the website, and find out how you can join our american red cross who is here today to help all those victims. we have done so with not only our city's finest in our response network, but i know all these folks here have sent their volunteers, as well as utility companies who are helping them restore, even today, vital utilities and have their volunteers come and report back. and we will learn lessons about what has happened there and how we can, again, help ourselves by increasing our opportunities to be even more ready for our expected cha
, maybe more consolidation. booking trends good recently. a minimal impact from business travel on sandy overall, jet fuel prices continue to drop. let's talk about exchange traded funds. you know them. i'm a big backer. matt hogan here moderating a conference master of all things etfs. we're continuing to see money going in. what's going on? why is etf so high? >> a couple of reasons. all the things we talk about, lower cost more cost efficient that's driving people into etfs. continue flows into the etfs out of mutual funds. >> you won't believe it, people keep moving out of stock mutual funds and into etfs overall. the money keeps flowing into that. why is that happening? >> i think there are two reasons. one, over time people have learned that active management doesn't work. they learn it didn't work in large caps, small caps, doesn't work in emerging markets. in the equity space you're better off buying index. >> taxable bonds, money goes into there. mutual funds and exchange traded funds. when is the bubble going to burst? >> you tell me. investors follow performance. as long as th
for what is going forward. and then you throw in things like sandy and natural disasters and it's hard to prepare for that. >> that's another one. all three of you were on the ground on election day. i was on the ground. we did a story on people monitoring the polls. what were the most surprising or possibly disturbing things you saw on election day itself? >> first of all, we're a nonpartisan organization so we're not on either side of the aisle. we're just making sure american voters can vote, and that's something people from all political parties should support. one of the great american values is the right to vote and whoeverrorrer voting for, if you disagree, you should vote. everyone should hold that ideal and working in a system where you're eligible and can vote, you're able to you heard among all three of us that kind of -- i hope we can come to a consensus on that. something that was somewhat surprising to us but wasn't really -- and i think it's disturbing -- is that a lot of the same problems we have seen in past elections we saw this year. there was a lot of conversation a
sandy, i booked the strongest, smartest comics i could find. my comedian friends and i will raise money to rebuild homes and lives one laugh at a time. so tune in next friday for my all star comedy special. >> together we can get new yorkers back to yelling at strangers and ignoring our friends. ♪ we were skipping stones and letting go ♪ ♪ over the river and down the road ♪ [ female announcer ] at nature valley we know nature comes together in amazing ways. that's why we bring together natural ingredients, like dark chocolate with toasted oats, or sweet golden honey. perfect combinations of nature's delicious ingredients from nature valley. ♪ ♪ ♪ i was thinking that i hope this never ends ♪ [ female announcer ] nature valley granola bars nature at its most delicious. [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15 seafood, chicken and more! oo! the tilapi
records today but that will be changing. of sandy is here now with a look at live copler 7 hd. sandhya. >> on live doppler 7 hd clear skies except for a few patches of fog in the valley. visibility is dropping in santa rosa right now point 2 miles so fog pretty thick. that's the case for the morning commute. patches of dense fog. temperatures right now as you can see low 40's to the mid 50's. another chilly night ahead. grab a sweater or jacket. the high for today. 72 in downtown oakland. broke previous record of 68. skype in mountain view was a tie and oakland airport tied the previous record coming in at 71 degrees in you can say farewel farewell. to this mild to warm weather. we have rain coming. possibly snow here. we may even talking about some hail. back with the timing of the next cold storm in a few minutes. >> okay thanks. >> pleasant hill investigate yet another miami bomb incident. a parent spotted the device outside the office at pleasanton elementary school at 1:00 o'clock. classes had been dismissed but police put the school on lock down as precaution on friday
, and bald. he dumps her immediately. >>> george's parents claim their house was destroyed by sandy. he moves in. jerry breaks up with his girlfriend because she instagrams everything that she eats. george tries to get a job with the nets. all good. i'm lynn berry. this is "first look" on msnbc. stay tuned. "way too early" starts right now. >>> typical middle-class family of four will see an income tax hike of under $2,200. how many of you can afford to pay another $2,200 in taxes? not you? i didn't think so. you can't afford to lose that money.
sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a trip to a daimler truck factory in redford, michigan. this is what he said. >> this so-called right to work law, they don't have to do with economics, everything to do with politics. what they are really talking about is giving you the right to work for less money. >> alison kosik. >> what's the latest on the protests? >> protestsers starting to gather behind me. signs in hand, even the inflatable, a common theme when you see unions protest, the rats. thousands are hoping their voices will
's why for my upcoming benefit for victims of hurricane sandy, i booked the strongest, smartest comics i could find. my comedian friends and i will raise money to rebuild homes and lives one laugh at a time. so tune in next friday for my all star comedy special. >> together we can get new yorkers back to yelling at strangers and ignoring our friends. very, very excited about that and very proud of that. >>beltway politics from inside the loop. >>we tackle the big issues here in our nation's capital, around the country and around the globe. >>dc columnist and four time emmy winner bill press opens current's morning news block. >>we'll do our best to carry the flag from 6 to 9 every morning. >>liberal and proud of it. >> eliot: i've said it before. factors matter. you've heard me say it many times right here on this show facts matter. yet time and again you see cable news hosts fudging the facts in order to make a or worse politicians skirting or completely ignoring the facts in order to advance their argument. so here on "viewpoint" we'll show you the lie and then tell you the facts.
for the rich and money for big oil. but aid for those hit hardest by hurricane sandy? that's where they draw the line. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> justice scalia versus glenn beck. who wins this fight may have long-lasting effects on civil rights in this country. that's coming up. aspirin, really? i haven't thought about aspirin for years. aspirin wouldn't really help my headache, i don't think. aspirin is just old school. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. what's different? it has micro-particles. enters the bloodstream fast and rushes relief to the site of pain. visit fastreliefchallenge.com today for a special trial
the issue of the katrina spending, or sandy spending, the president has spoken time and time again, we need additional stimulus of spending. we saw how well that has worked out the last couple of times, $700 billion, $800 billion spent and not producing any jobs. that's the problem. when the government spends money, and a lot of these other infrastructure investments and stimulus, it takes from the private sector, not creating jobs. if the government is able to spend this money better than a private sector, i have a problem with that. >> i just came from michigan. there's been a resurgence of the auto industry. there was federal money that went into it. without federal money, chrysler and gm would have gone bust. >> the liquidity. like aig -- >> exactly. let me finish. you talk about it's all wasted. that's not true. that's not true. some of it is well spent. and i think you should answer your question. sandy, not named after me, had a major impact on the east coast. there's been a request for help from the federal government. i'm all in favor of accountability. >> but did you have accounta
. thanks very much. >>> sandy may have come and gone but the mold doesn't seem to be going away. what hundreds of homeowners are doing to fight it and the health problems that it brings. >>> what allegedly happened moments after the car crash that killed a dallas cowboy. >> you can't just stand here and watch this man die. pull him out of the car. and he said to me he won't get out. i said, get him out of the -- you know, commanding him, get him out of the car. people have doubts about taking aspirin for pain. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ]
institute estimates insured losses from sandy will likely run around $19 billion, making it the third costliest natural disaster behind katrina and andrew. >> the cost of living is higher, houses are more expensive, so that's going to inflate our costs all the way around. >> reporter: insured losses are just one part of the equation. uninsured losses will likely run into the tens of billions of dollars. jim beukholt's is the third generation owner of the ben franklin shop. >> we didn't have flood insurance, so we have to take a loss on everything. >> reporter: sandra gerber's vacation home didn't have any flood insurance, either. nearly two feet of water means her recently remodeled home will have to be gutted. >> i don't have flood insurance. i don't have hurricane insurance. i just have the normal fire, theft liability. >> reporter: but with the high cost to rebuild, where everything from sheet rock to lumber are more expensive, residents worry that two big storms in two years will cause insurance premiums to rise and property values to decline. ruben ramirez, nbr, lavallette, new j
comedians. that's why for my upcoming benefit for victims of hurricane sandy, i booked the strongest, smartest comics i could find. my comedian friends and i will raise money to rebuild homes and lives one laugh at a time. so tune in next friday for my all star comedy special. >> together we can get new yorkers back to yelling at strangers and ignoring our friends. [ ♪ theme ♪ ] >> announcer: broadcasting >> announcer: broadcasting across the nation, on your radio and on current tv, this is the bill press show. bill yes indeed. president obama in michigan, joining the fight against the right-to-work legislation. good morning everybody. it is tuesday december 11. you're watching the full-court press here on current tv and you're listening to it on your local talk radio station and on sirius x.m. this hour. welcome, welcome, welcome to the program. here we go as we tackle the issues of the day here on this tuesday, december 11. and, of course, give. >> chance to get involved in the conversation. not just to hear what's going on
.85. many analysts are still blaming the effects of hurricane sandy. both surveys are saying prices will fall even further by the end of the year. mey christm. chigan, that earth place of unions might be a work to write state as early atomorrow. en the governor is set to sign a newly passed leslation. not stopping president obama from weighing in. slamming the bill as they give workers the right to work ls money. more on this, thank you f being with us. this goes bac back to the tax hy act. states have a rit to dthis, right? it see really odd to mthe president is getting involved at the state level like this. >> you're absolutely right. one thing that should be ned out thission becomes the 24th right to work state, over the last decade right-to-work states have seen a net increase of 3.6 million jobs. union stes have seen a net decrease of 1 million jobs. this is a good thing, the voters voted forhis wn they knocked down a proposition on the ballot in 2012 essenally trying to enshrine union rightwith the state constitution. that is what they want to do. tracy: aa business whi they c
we do not see? with the response to sandy a is warranted? >> should fema and get mooe money? >> you hate to say nobody wants them to be efficient with their distribution. neil: -- fema needs to look at their mistakes it is dangerous. they have not learned anything. they should get on top of this get the people housing and tell the house are rebuilt. >> you know, because it is your home. i am not oblivious. >> why does the administration get a pass? >> the story was written a great response maybe it was bereday number six it was terrible. number 10 and number 12 there were closing the office. the narrative losses amid tender of a. this should not be the way to respond in the future. we should learn. you always make mistakes but always looked how we cure those for the future. you wonder how much have they fixed? >> neil: switch gears on the budget impasse talk the fiscal cliff for the brink. many say republicans give away the store. >> if they do, they are with tax hikes but no reduction of spending then they give away the store. >> they have to enforce the promise. neil: that makes
can't show that sandy was caused by climate change, we can show that climate change loads the dice for those severe storms. which storms are the climate-caused one you'll never sort those out but you have to do more emergency response, more coastal defense, more preparation. that's going to cost money. that's a cost that we should find a way to put on the cause of the problem, which is carbon. that's economics 101. if you don't tax the thing or put a fee on the thing that is causing the harm, and you don't make them pay for the harm, then you get too much of it. right now we have too much of the carbon pollution. >> eliot: the point i was trying to make when we talk about that kind of burden shifting what you're describe something conservative economics. this is not some new liberal idea. you're talking about conservative economics. >> going back to the coca-cola bottling company. if you don't put the cost on the company that makes bottles that explode, then we'll have exploding bottles and we'll have to pay the costs of exploding bottles. >> eliot: i want to switch gears for a min
of hurricane sandy. hope to see you there on december 10th. thank you so very much. good night, everybody. ♪ [ ♪ theme music ♪ ] >> cenk: welcome to the "the young turks." you know what kind of show we'll have for you tonight? a fun show. if that's what you guessed you're goddamn right. i could be executed in seven countries for saying that. i'm not playing. i'll explained later in the show. president obama goes to michigan, but did he finally stand up for workers? find out later in the show. do you know what else we have in the show for you? ed asner. he made this video. >> you have rich people peeing on poor people. >> how disgusting. do you have money? >> yeah. >> can i piss on you? >> cenk: damn. we'll show you the original video, we'll show you that, and we have ed right here on the show. and then the elbow of the day we have a little knockout. we'll go to politics, and then cause to celebrate. we have gay marriages in washington that started over the weekend. [ cheering ] >> cenk: what i'm amused by is people who see that celebration and go, o, how terrible. we'll talk about i
hurricane sandy is a mess. the only successful expert is people. they are greating the hell out of there. going back to people like snyder, obama is happy to take the money from the rich. both won't take advice from people are rich. he doesn't want to learn how to fish. he just wants to take the fish. >> bob: detroit has been in trouble for a long time. right to work. here the unions collectively bargain, great rates. they allow scabs in there and take advantage of the money. >> eric: you just made the case for busting up the union there. detroit has been in trouble for a long time, republican or a democrat. you are 100% right. >> bob: does it have something with every other major city in country. >> dana: michigan should be allow to make its own decisio decisions. michigan voters, the overall households support. this 45% of the union households support the move. 39% of the democratic households support it. 55% of the republican households. there is momentum. they realize they have to do something. this would be a fundamental change. that could alter the history. >> eric: today's news is
's start with the good. you may remember our coverage from a few weeks ago about hurricane sandy doing a number on the veterans hospital in manhattan. a lot of hospitals took it bad in this storm. but veterans hospital took it really bad. the basement and the ground floor were totally flooded. their only mri machine was lost to the saltwater gods. the elevators and the fire protection system were no longer. the whole electrical system and all the mechanical systems were blown out. massive, massive damage in a massive facility, which means that the veterans hospital was one of four hospitals in the city that had to close down entirely. and that has meant that emergency rooms and other facilities in the remaining still open hospitals in the city have been overwhelmed with a big increase in patients. the whole thing was and is a mess. well, when we reported on that dire situation at the veterans hospital a few weeks ago, the most dire part of it was the prospect that it would never reopen. they were not even making estimates of when it might open again, if ever, which is a daunting thing
sandy, so there's two groups that held up and, of course, apple up as well. >> interesting to see the defense stocks act that way, bob, even though we're expecting layoffs in the sector. >> yeah. this is what's remarkable to me. overall you would think orders, like future orders, which is what defense spending -- defense stocks trade on would be noticeable to the downside and there's ate lot of worry. not underperforming the market. since the beginning of the deekz december, they have been outperforming. >> go ahead, debra. >> been at the tax rates before and it wasn't like nobody jumped out of market. stocks did outperform at market. >> but that was a very different time, wasn't it? we were on the east internet. you had dotcoms soaring and money moving into technology right before the year 2000. we had a balanced budget. in fact, a surplus under president clinton. very different economic moment. >> right, but you can still argue that you also have another internet boom going on with the mobile boom. >> i think the big thing here is the overall market continues to hold up very, ve
different than others. for example we had superstorm sandy that caused a disruption here in the northeast. for a while that propped up prices. that's gone. i worry if prices are declining is it because the economy is slowing? >> no, not necessarily. that certainly could be a factor. think back to 2008 when gas prices actually did crash and went under $2 a gallon. that would be a concerning sign if gas prices fell off a cliff like we're doing here with the economy if nothing is figured out. this is not a gas price crash. this is something normal this time of year. gas prices haven't declined so significantly. we're still talking about prices well into the $3 a gallon range across much of country. in fact still we could be looking new all-time record high for christmas for the nationnl average. melissa: really? >> something off everybody's radar. we're talking about gas prices going down but we still have room to fall. today prices are still four cents higher than last year. we could talk about a national average that has never been higher on christmas. melissa: what do you expect to see be
benefit for victims of hurricane sandy, i booked the strongest, smartest comics i could find. my comedian friends and i will raise money to rebuild homes and lives one laugh at a time. so tune in next friday for my all star comedy special. >> together we can get new yorkers back to yelling at strangers and ignoring our friends. ♪ >> you are even more beautiful to me now, because it is the real you. >> this is it isn't it? this is the real -- >> announcer: stephanie miller. >> yes. >> stephanie: oh, you don't want that. the president yesterday. >> obama: if congress lets middle class tax goes up economists will tell you that means people will spend nearly $200 billion less than they otherwise would spend. consumer spending is going to go down. >> stephanie: if only we had someone we loved from congress to tell us where we are now. oh, look it's rocking congressman jan schakowsky. good morning congresswoman. >> hello stephanie. >> stephanie: it's hard to tell what is going on. the headlines are neither side giving ground. the president just won his second landslide. what
is still being stunted by the election results, and the effects of superstorm sandy. joining us with the latest on that, bill dunkleberg, chief economist at the national federation of independent business. bill, in reading your findings, am i wrong to say you found that it really wasn't sandy, that it was the election results, and if that's true, how do we give -- can we give the president the benefit of the doubt in that maybe it just, the election results means that the cliff is front and center? the cliff would not have been front and center with romney because he would have probably just extended all the bush tax cuts, i think. so is it the election result that's causing this? and is it the president himself? or the gridlock that it's causing with republicans? >> i think you basically have it right. we spent billions of dollars and then woke up the day after the election and nothing had changed and i think that's the issue. because the management team couldn't reach agreement on how to deal with the problem that was coming up, so we were stuck with the same kind of managemen
spiked after hurricane sandy and have fallen since, shepard. >> shepard: so right now they're headed down more, right? > >> reporter: that's right. there's a difference between lowest and highest of 80 cents a gallon. 3.85 in long island, in mems me, tennessee, it's less than 3.05. the average price of gas in the u.s. has fallen 10 cents in the past week, dipping 3.38 for a gallon of regular, expected to go lower. >> shepard: you can furnish your entire home at ikea if you want. if you're shopping at the right time, you can furnish your zoo. shoppers at an ikea in toronto spotted a monkey roaming the parking lot. >> this is so bizarre. why is there a monkey at ikea. i never expected to see that. i was pretty shocked. >> shepard: no ordinary monkey, either. he was dressed in a shearling coat. the monkey is in custody, the owner in trouble for keeping what is a prohibited animal. >>> snow-covered streets in one city became a high-speed race track. dozens of snow mobiles competing in western austi austria. a battle of champions event over the weekend had thousands of fans lining the course t
, the country created 146,000 jobs, exceeding expectations in the wake of hurricane sandy. further progress will be tested as the fiscal cliff deadline approaches without a deal inside yet. i'm very pleased to have jeff immelt back on this program. welcome >> charlie, thanks, good to be back with you. >> rose: we've talked many times about g.e. since you took over, i think once since -- just after 2001. where is the company today in terms of where do you want it to be and where do you want it to be in the next five years? >> i think, charlie, what we've tried to do is simplify the portfolio into infrastructure and financial services. we like where the portfolio is today. we think in the infrastructure space there's going to be roughly $4 trillion spent each year, so it's an attractive big market. globally is where our opportunities are so the company's -- probably a decade ago 30% of our revenues were outside the united states. now it's more like 60% or 65%. so we think we've got the portfolio we want. we've dramatically increased the amount of technology. and in the end i think technology
see, and that's sandy rebuilding. the realtime data shows a pickup in incomes since middle of november and jobs grew faster than the fake number the bls puts out. we see very little growth next year assuming any income tax at no growth, if a lot of income taxes go up, and how do you have a 15pe in an economy not growing? doesn't make sense to me. david: okay. believe it or not, this guy has stock picks. well get to them in a second, charles, but sam, an analysis as dreary as that, does that headache you rethink your own analysis? fighting that or are you going with the trend of the market do you think? >> well, david, any time i hear commentary from a smart individual like charles, i look to my data again. my belief, though, is that we are on an upward trajectory, and this is all the reason why those in congress have to be careful not to embrace the austerity program too tightly because that could have a dell tear yows effect on our growth. david: higher taxes or lower government spending hurt worse? >> hurt me both. >> i think -- >> go ahead. >> lower government spending will probably
: with the hurricane sandy that came through, are there a lot more rescues that need rescuing? >> there are not a lot of the by shops that needed rescuing. people took them to relatives and friends and things. but what we did see during hurricane sandy is that there are a lot of large dogs that needed help. i mean, you have your pit bulls and your dalmatians and large dogs that people couldn't readily move and take with them that we have rescue groups that are here in this area. i've been reading wonderful work that they've been doing to help those animals. >> gretchen: if somebody is interested in the beautiful dogs that you have here today, or any other dog, where do they go? >> mallpawsrescue.com. we do everything on-line. we are in need of volunteers and foster homes. our vet bills run 30 to $40,000 every month and every month it's a miracle that we're able to keep doing what we do because the need rises. it just seems all the time. >> eric: and food and supplies to clean up the rescue shelters, you can all help out. you can donate your time and money to help others do the same. >> if you can't
. host: sandy, a republican caller in virginia. thanks for waiting. hello? p in long island city, new york, independent. -- pete. caller: my opinion is, i believe the president actually wants to go off the cliff. i really do. i think he really wants to tax the rich no matter if the derickson pour or not and before we cut any social programs in this country we should stop giving aid to countries that hate us. -- he wants to tax the original matter if it hurts the poor. guest: senator patty murray says going off the cliff might be preferable to signing a bad deal. i think president obama felt a little burned from the 2011 budget talks with john boehner, so he is driving a harder line, having won reelection. the idea of letting the tax rate on the top 2% go up is not really a surprise. i think everybody agrees that he campaigned on that. there are millions of people who voted for him that are expecting that to happen. host: the style section of the washington post has a piece about the director of legislative affairs at the white house, rob neighbors. what is his job? guest: behind close
today. could the legislation throw the state into turmoil? we'll have response from sandy levin. >>> you heard about the fun and dysfunction. actor ed burns will talk to us with his movie "the fitzgerald family christmas." all that on "starting point." >> thanks soledad. >>> 43 minutes past the hour. both sides got the memo. everyone quiet as a mouse on capitol hill. when it comes to the looming fiscal cliff crisis, that's a good sign. in 21 days, we go off the cliff and that means drastic tax hikes and spending cuts. congress scheduled to break for the holidays on friday. two sides talking behind the scenes and for a change, all of the posturing and finger pointing has died down, at least for now. shannon travis joins us live. what are you hearing, if anything? >> we're hearing that as you just mentioned, that they are talking, but that's all we're hearing, that's a good sign, that they are talking at this point. i'll read a statement from john boehner's president secretary. "discussions with the white house are taking place, but we have no detail to share about the substance of those c
disagree with it. when it comes to investing you may have to move your line in the sandy think. melissa: charles payne, thanks so much. >> all right, guys. lori: quarter till. as we do every 15 we check the markets. nicole on the floor of the new york stock exchange. the u.s. government is getting out of aig. totally? >> big news, big news here. this is something obviously we've been following, right? launch business network launched in 2007 ahead of the entire financial crisis. we watched aig getting bailed out in 2008 and now there has been six sales and $1.6 billion worth. so this is their latest stock sale coming. they're claiming a profit, the government, treasury department of $22.7 billion with these shares. and these sales that they have been making. and there's a look at the stock right now. it is up over 5% at 35.07. back to you. lori: thank you, nicole. melissa: will apple jump in on the special dividend craze? they have plenty of cash but weill tell you why investors may not see the payout. look at movers. today's winners and losers. there is the nasdaq. we'll start there. f
. incredible insight. connell: homes left completely uninhabitable after hurricane sandy tore through. over 71,000 households have applied for fema help. again 2000 that you cannot live in at all. obama proposed $60,000 in aid. dagen: europe's biggest bank said to cough up almost $2 billion because it allowed money laundering to go on. connell: a lot of products for apple. a lot of money. first, let's take a look at oil. people are optimistic about a deal. we will be right back. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they n open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so f
hurricane sandy, not like goodie in nuclear weapons. it's very serious stuff. the worst thing is that poorly done. it was never intended to be a crate of cutting spending. with an enforcement mechanism, a disciplinary measure on the congress and white house to make sure they got something done before 2013 began. everybody thought that this doomsday scenario in front of them, they will surely not a budget deal and it probably still will. that was its purpose. its purpose is not to cut government spending. >> host: let's look at programs that get cut. national institute of health, 2.5 billion. customs and border patrol, wic program by federal courts, national parks. what do you make of those numbers? >> guest: shows are pretty big numbers. absolute numbers shuffling a lot of people. when we talk about millions and billions, jim and i both served in government and we know what happens when you do with members of that size. telling people it's about an 8% cut for 15% if you talk about what authority occurred as a better sense. so whatever program that is, it's going to be reduced. so whether it'
in sandy funds would be spent. don't you think you could put together a list of spending cuts that at least, at least includes robosquirrel? we're still waiting. why? because for democrats, apparently, every dollar in federal spending is sacred. once secured, it can't be cut. that's why we have got trillion-dollar deficits. the truth is until the president gets specific about cuts, nobody should trust democrats to put a dime in new revenue toward real deficit reduction or to stop their shakedown of the taxpayers at the top 2%. as one liberal lawmaker put it last week, that's just the beginning. when it comes to deficit deals, the taxpayers need to trust but verify. on cuts, that means specifics. and, mr. president, on an entirely different subject, as we enter the final weeks of the 112th congress, one of the toughest tasks for me is saying goodbye to colleagues who won't be with us at the start of the next congress. so i'd like to kick it off this morning by spending just a few minutes bragging on my long-time friend and neighbor to the north, senator dick lugar. let me just start by sayin
? it is not like 9/11. it is not even like hurricane sandy. it is not like iran getting nuclear weapons but it's very serious stuff and the worst thing about it is that it's so indiscriminate. it is so poorly done. it was never intended to be a way to cut spending. it was intended to be an enforcement mechanism, a disciplinary measure on the congress and the white house to make sure they got something done before 2013 began. and everybody thought, well, with this doomsday scenario in front of them they will surely enact a budget deal, and i think they probably still will but that was its purpose. its purpose was not just to cut government spending. >> host: let's take a look at some of the examples of programs that would get cut. national institute of health, 2.5 billion. the fbi, 742. customs and border patrol. the wic program. 543 million. federal courts, et cetera. the list goes on. national parks. what do you make of those numbers and size of those cuts? >> guest: those are pretty big numbers. i think, absolute numbers don't mean a lot to people. i mean, you know, when we talk about millio
empty or half full? you know, it's not like 9/11. it's not even like hurricane sandy. it's not like iran getting nuclear weapons. but it's very serious stuff. and the worse thing about it is that it's so indiscriminate. it's so poorly done. it was never intended to be a way to cut spending. it was intended to be an enforcement mechanism, a disciplinary measure on the congress and white house to make sure they got something done before 2013 began. and everybody thought, well, with this dooms day scenario in front of them they will surely enact a budget deal. i think they probably still will, but that was its purpose. its purpose was not just to cut government spending. host: let's take a look at some of the examples of programs that would get cut. guest: those are pretty big numbers. i think, you know, absolute numbers don't mean a lot to people. you know, when we talk about millions and billions, jim and i both served in government and we know what happens when you have to deal with numbers of that size. so i think telling people it's about an 8% cut or 15%, if you talk about what's alre
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